24 Apr 2018 13:00
LUKOIL BOARD OF DIRECTORS RESOLVES ON ANNUAL GENERAL SHAREHOLDERS MEETING AND RECOMMENDS DIVIDEND DISTRIBUTION FOR 2017
At today's meeting the Board of Directors of PJSC "LUKOIL" resolved that the Annual General Shareholders Meeting will be held in Moscow on 21 June 2018, and made recommendations to the General Shareholders Meeting on the Company's profit distribution and amount of dividend for 2017.
The Annual General Shareholders Meeting was recommended to approve dividend distribution for 2017 in the amount of RUB 130 per ordinary share (excluding the interim dividend paid for the first nine months of 2017 in the amount of RUB 85 per share).
Considering the previously paid interim dividends, total recommended dividend per share for 2017 amounts to RUB 215, a 10.3% increase compared to the previous year dividend of RUB 195 per share. The record date is proposed to be 11 July 2018.
The list of persons entitled to participate in the Annual General Shareholders Meeting will be determined as of 28 May 2018. The required information will be available to the General Shareholders Meeting participants not later than 18 May 2018 on the Company's websites at www.lukoil.ru and www.lukoil.com.
In addition, a progress report on the Company's international projects in the Exploration and Production business segment was presented at the Board of Directors meeting.
The Board of Directors resolved to terminate early the powers of Vladimir I. Nekrasov as member of the Management Committee of PJSC "LUKOIL".
It was also resolved to relieve Sergei N. Malyukov of the position of Vice-President - Head of the Internal Audit Service in connection with retirement and to appoint Aleksandr V. Leyfrid to the position of the Vice-President - Head of the Internal Audit Service.